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J&J's device unit "weak" in Q3

This article was originally published in Clinica

Executive Summary

Although Johnson & Johnson’s overall third quarter was “solid,” growth in its medical devices and diagnostics (MD&D) division “remains weak,” according to Morgan Stanley analyst David Lewis. Sales in the latter fell 2% to $6.9bn, while group revenues were up 3% to $17.6bn, boosted by “particularly strong results” in its pharma division (where sales grew 10%).

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